The Impact of Money Grant to Attraction the Follow-on Investment in Russian IT Companies

Student: Oskin Aleksei

Educational Programme: Strategic Corporate Finance (Master)

Year of Graduation: 2019

The current research is aimed to study how the grants received by IT startups affect their further fundraising. Grants account for a large proportion of all venture capital investments in Russia. The grantors are completely different structures: state venture funds, individuals, corporate venture funds, and so on. This paper answers the question of whether the grant size influences the subsequent funding. And is it important for investors who gave a grant? The considered sample of 1825 observations allows giving a positive answer to this question.

Student Theses at HSE must be completed in accordance with the University Rules and regulations specified by each educational programme.

Summaries of all theses must be published and made freely available on the HSE website.

The full text of a thesis can be published in open access on the HSE website only if the authoring student (copyright holder) agrees, or, if the thesis was written by a team of students, if all the co-authors (copyright holders) agree. After a thesis is published on the HSE website, it obtains the status of an online publication.

Student theses are objects of copyright and their use is subject to limitations in accordance with the Russian Federation’s law on intellectual property.

In the event that a thesis is quoted or otherwise used, reference to the author’s name and the source of quotation is required.

Search all student theses